We Can Show You How to Rehabilitate Your Credit
It's one thing to get rid of your debts in bankruptcy. It's quite another to recover your access to credit, so that you can take full advantage of the fresh start that bankruptcy is supposed to offer.
The good news is that the damage that bankruptcy can represent to your credit score is not nearly as bad as most people think. In fact, for many people bankruptcy is the first step toward rebuilding a respectable credit score.
Call 866-793-6347 to discuss your credit score with a bankruptcy lawyer
Although a bankruptcy discharge will stay on your credit record for as long as ten years, most lenders are more interested in your credit score than they are in the details of your credit history. Your credit score will probably never be worse than it is just before you file for Chapter 7 or Chapter 13 relief.
All consumer bankruptcy debtors in Missouri must complete two credit counseling courses. The first must be completed before you file your petition, and we can help you with all aspects of that process.
The other credit counseling session is actually pretty good. You complete it before you get your discharge, and get a chance to learn about the most effective ways to manage and protect your credit. Using credit wisely will be the best strategy you can follow to rebuild your credit score to the point where you can buy a new car or qualify for a mortgage.
Many people start getting credit card offers soon after filing for bankruptcy. We advise most of our clients to accept one of them, and use it very carefully. As your record of timely payments builds up, you'll probably find that you can get a decent car loan within a year or so and even qualify for a respectable mortgage within a few years. Bankruptcy isn't the permanent credit disaster that it's presumed to be.
To learn more about the best ways to recover your access to credit following bankruptcy, contact an experienced attorney at Affordable Bankruptcy in St. Louis.